Stumbling On Wins by Martin B. Schmidt

Stumbling On Wins by Martin B. Schmidt

Stumbling On Wins: Two Economists Expose the Pitfalls on the Road to Victory in Professional Sports by Martin B. Schmidt English | Mar 18, 2010 | ISBN: 013235778X | 252 Pages | PDF | 1 MB The next quantum leap beyond Moneyball , this book offers powerful new insights into all human decision-making, because if sports teams are getting it wrong this badly, how do you know you’re not? Sometimes the decisions that teams make are simply inexplicable. Consider: sports teams have an immense amount of detailed, quantifiable information to draw upon, more than in virtually any other industry. They have powerful incentives for making good decisions. Everyone sees the results of their choices, and the consequences for failure are severe. And yet… they keep making the same mistakes over and over again… systematic mistakes you’d think they’d learn how to avoid. Now, two leading sports economists reveal those mistakes in basketball, baseball, football, and hockey, and explain why sports decision-makers never seem to learn their lessons. You’ll learn which statistics are connected to wins, and which aren’t, and which statistics can and can’t predict the future. Along the way, David Berri and Martin Schmidt show why a quarterback’s place in the draft tells you nothing about how he’ll perform in the NFL… why basketball decision-makers don’t focus on the factors that really correlate with NBA success… why famous coaches don’t deliver better results… and much more.